#gstr-2

The last date to file GSTR-3B for the month of August 2019 is 20th September '19'. In case you miss the deadline for GSTR-3B, you will be legally responsible to pay a late fee and penalty charges. As per the Central Board of Indirect Taxes and Customs, the delay will impose a fine of Rs 50 per day whereas Taxpayers with Nil Tax Liability will be fined Rs 20. The application will be auto filing by nature. The taxpayers just need to provide the sales and purchase value for the same. Furthermore, the GSTR-3B must be filed every 20th of the subsequent month.

 On top of that, in a major relief move, the taxpayers who file nil returns now need to file a simple return form with minimum details. Before this implementation of new functionality, nil return taxpayers are relieved of the erstwhile extra details that had to be provided. 

Reconciliation of GSTR-1 with GSTR-3B is needed to:

Rs. 50 per day of delay

Know if any invoice is missed out or duplicated

Rs. 20 per day of delay for taxpayers having a Nil tax liability for the month

Interest @ 18% per annum is payable on the amount of outstanding tax to be paid.

Who should file GSTR 3B?

GST mandates that every individual who has registered for Goods and Services Tax (GST) is eligible to file the return GSTR-3B including nil returns. However, the following registrants do not have to file GSTR-3B

Supplier of OIDAR

Non-resident Taxable person

Input services Distributors & Composition Dealers.

 Details to be mentioned in GSTR-3B Form

GSTR-3B is divided into six categories and each section contains particular fields which should be mention by the person applied for filing of GSTR-3B-

 Here's what you need to mention under GSTR-3B-

Primarily, provide GSTIN in case you do not have a GSTIN than you can use your provisional id as your GSTIN.

The next field is to enter the legal name of the registered person. Moreover, the field is auto-populated after entering GSTIN

जीएसटीआर-2 जमा करने की तिथि बढ़ाई गई

जुलाई, 2017 महीने की जीएसटीआर-2 जमा करने की अंतिम तिथि 31 अक्‍टूबर, 2017 है। सक्षम प्राधिकरण द्वारा व्‍यवसायियों और अन्‍य करदाताओं की सुविधा के लिए जुलाई, 2017 महीने की जीएसटीआर-2 जमा करने की तिथि बढ़ाकर 30 नवम्‍बर, 2017 कर दी गई है।

जुलाई, 2017 महीने की जीएसटीआर-3 जमा करने की अंतिम तिथि को बढ़ाकर 11 दिसम्‍बर, 2017 कर दी गई है (अंतिम तिथि 10 नवम्‍बर, 2017 थी)।

इस संबंध में अधिसूचना जल्‍द ही जारी…

What is GSTR-2 and GSTR-2A

The extension of due dates to file GSTR-1, GSTR-2 and GSTR-3 of July 2017 is a welcome move, as it provides an additional time for businesses to prepare the accurate returns for better compliance. Now, the businesses are required to file GSTR-1 by 10th October 2017, GSTR-2 by 31st October 2017 and GSTR-3 by 10th November 2017. As you already know, returns filed through Form GSTR-3B is just an…

GSTR – 3 is a monthly return to be filed on basis of the finalized data of outward supplies i.e GSTR – 1 and inward supplies i.e GSTR – 2 along with the amount of tax, interest, late fees and penalty paid for the month.

GST Tip – 107

In GST, there will be some cases where the input tax credit availed has to be reversed like if the buyer has taken on provisional basis and supplier has not paid the tax or input tax credit availed on inward supplies but the same were used in supply of exempted goods, then Input tax credit availed has to be reversed along with the reason for reversal in Table 14 of GSTR – 2

GST – 106

In table 13 of the GSTR – 2, the tax invoices issued during the month should be shown after adjusting any advances paid during previous months. The tax invoice issued during this month should be shown only for the net amount of tax payable.